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6809-6829 Space Village Avenue, Colorado Springs, CO, 80915

Space Village Center

$6,211,000

Key Information

Cap Rate
6.75%
$ per SF
$436
Tot. SF
14,237
Lot Size
1.97 Acres
Units
9
Year Built
1986 / 2012 (R)
Type
Shopping Centers
Occupancy
100%
NOI
$419,220

Highlights

• Military Base and Airport Proximity: The site directly backs up to Peterson Space Force Base and Colorado Military Academy, capturing a highly captive daily audience of over 17,000 individuals – military personnel, contractors, staff, and students – generating an estimated $1.5B in annual economic impact in El Paso County.
• Stabilized Net-Lease Cash Flow: The property is 100% leased to a diverse and stable tenant lineup operating on NNN leases, offering predictable passive income – with over 75% of leases extending through late 2028 and beyond.
• Strong Demographic Profile + High Traffic Corridor: Supported by a dense and affluent trade area featuring a 5-mile population of 196,000 residents with an average household income of $88,454. The immediate area has seen over 8% population growth during the last 5 years.
• High Traffic Corridor Location: The site is positioned off US-24, a major east-west arterial featuring ±35,000 VPD, and N Peterson Blvd (±8,600 VPD), where interchange enhancements are being finalized to improve access and traffic congestion.
• Substantial Site & Asset Footprint: Includes a ±14,237 SF retail center spanning 9 storefront spaces across a ±1.97-acre main parcel, with ±3.09 additional acres available for future expansion, outparcel development, or land banking (contact broker for details).

Photos

Location

Agents

Broker of Record

Brayden Conner

License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203